Thursday 10/28/21
HOUSING

Spain announces €250 monthly rental allowance for people aged 18-35

In Spain, the age at which children leave the parental home is one of the highest in Europe
10/05/2021. The Spanish Prime Minister, Pedro Sánchez, highlighted at the I Urban Forum of Spain, held in Seville, that the coalition Government has reached an agreement to present the General State Budgets for 2022, as well as to approve "the first State Law of Housing in the history of Spanish democracy ". Photo: La Moncloa.
Prime Minister Pedro Sánchez at the I Urban Forum of Spain, held in Seville. Photo: La Moncloa.

The Prime Minister of Spain, Pedro Sánchez, said at the Urban Forum of Spain that the coalition government formed by PSOE (social democrat) and Podemos (left) has reached an agreement to present the draft of the State budget for 2022, as well as to approve "the first housing law in the history of Spanish democracy."

In that same forum, Sanchez surprised the audience with the announcement that the government will help young people with medium or low income levels to pay the rent of a house.

Sánchez said that the public accounts for next year will include a special plan for young people to access housing and a youth rental allowance.

This allowance, of 250 euros per month for two years (therefore a maximum of 6,000 euros), will benefit young people between 18 and 35 years old, with work income and with an annual income of less than 23,725 euros.

In the case of the most vulnerable families, it can be complemented with more direct rental assistance of up to 40%.

Age of leaving home

The Spanish Prime Minister stressed that the age of leaving the parental home must be lowered to bring it closer to the European average, which is 26 years.

In Spain, the age at which children fly out of the nest is one of the highest in Europe.

"We are talking about a fair economic recovery and this implies facilitating access to housing, especially for those most vulnerable to precariousness, such as, unfortunately, our young people," Sánchez stressed in an event organized by UN-Habitat.

Also present at the event were the Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez; the president of the Junta de Andalucía, Juan Manuel Moreno Bonilla, and the mayor of Seville, Juan Espadas.

Comments